Kelly Brunarski




Academic Background

  • Ph.D. Ohio State University, Finance, 1992
  • M.A. Ohio State University, Finance, 1991
  • B.A. Baldwin-Wallace College, Business Administration with a concentration in Finance, 1985

Academic & Professional Experience

  • Associate Professor, Miami University (1999–Present).
  • Visiting Assistant Professor, Ohio State University (1997–1999).
  • Assistant Professor, University of Cincinnati (1991–1997).
  • Research Assistant, Ohio State University (1990–1991).
  • Teaching Assistant, Ohio State University (1985–1991).
  • Budget Analyst, The Federal Reserve Bank of Cleveland (1986–1986).

Recent Publications

  • Borokhovich, K. A., Brunarski, K. R., Harman, Y., & Skill, M. (2006). The Importance of Board Quality in the Event of a CEO Death. Financial Review.
  • Borokhovich, K. A., Brunarski, K. R., Harman, Y., & Parrino, R. (2006). Variation in the Monitoring Incentives of Outside Stockholders. Journal of Law and Economics.
  • Borokhovich, K. A., Brunarski, K. R., Harman, Y., & Kehr, J. (2005). Dividends, Corporate Monitors and Agency Costs. Financial Review.
  • Brunarski, K. R., Borokhovich, K. A., Crutchley, C., & Simkins, B. J. (2004). Board Composition and Corporate Investment in Interest Rate Derivatives. Journal of Financial Research, 27 (2), 199-216.
  • Brunarski, K. R., Kehr, J. B., & Harman, Y. S. (2004). Agency Costs and the Decision to Pay Regular or Special Dividends. The Journal of Corporate Ownership and Control, 44-60.

Areas of Expertise

  • Agency theory
  • Bank management
  • Corporate finance


Kelly Brunarski joined the Department of Finance faculty in 1999 as an Associate Professor. Her teaching and research interests center on corporate finance, agency theory and, bank management.

Before coming to the Richard T. Farmer School of Business, Dr. Brunarski was a Visiting Assistant Professor at the Fisher College of Business at Ohio State University; prior to that, she was an Assistant Professor at the University of Cincinnati.

After earning a B.A. in business administration with a concentration in finance from Baldwin-Wallace College, Dr. Brunarski completed an M.A. and a Ph.D. in finance from Ohio State University.  She has published in the Journal of Finance, the Journal of Law and Economics, the Financial Review, the Journal of Financial Research and, Corporate Finance Review.


  • SPRING 2018
  • FIN408 A 1:15 - 2:35 MW FSB 0032
  • FIN408/508 B 2:50 - 4:10 MW FSB 0038

Contact Information

Office Hours

  • Spring 2018
  • MW 4:15-5:45
  • And By Appointment


* Accessible version of PDF available upon request.